Five years ago today Facebook (FB) struggled through its first day listed on the NASDAQ at $38 per share about eight years after the company was founded. Today, shares are trading slightly up to $146.60 per share.
Facebook's IPO was notably messy with technical errors in its IPO software affecting millions of shares. "This was not our finest hour," NASDAQ's chief executive officer Robert Greifeld said after the event. "We're not happy with our performance."
To make matters worse, the stock finished up just 0.61% to $38.37 on its first day of trading.
Since that fateful day, Facebook's shares have risen an incredible 280% to $146 per share from $38 per share. For comparison, in the five years after Google's (GOOGL) (now Alphabet) IPO on August 19, 2004, shares rose 161% to $222 from $85. Five years after Amazon's (AMZN) IPO on May 15, 1997, its shares had risen an incredible 489% to $106 from $18.
The chart below shows a comparison between the performance of Facebook, Google and Amazon during their first five years as public companies.
- What Wall Street Was Saying About Facebook When It Went Public Five Years Ago
- Amazon Should Be Terrified by What Walmart Is Quietly Testing in China
- Here's the Secret on How Walmart Just Shocked Everyone With Its Online Sales
- If Apple, Facebook and Netflix Keep Diving, the Ugly Trump Stock Market Correction Could Be a Thing